The County provides retirement benefits for eligible employees through the Florida Retirement System (FRS). Additionally, submit a Florida Retirement System Pension Plan.Notice of Election to Participate in the Deferred Retirement Option. If You Return to FRS Employment. Popular choices include SEP IRAs, SIMPLE IRAs and solo 401(k)s, each offering distinct benefits and contribution limits. Florida Retirement System (FRS) members can choose between the Pension Plan or the Investment plan. The Town of Palm Beach offers a variety of retirement plans designed to complement the overall benefit package provided to town employees. If you have employees, they can set up and contribute to their own IRAs. " Learn more about IRAs. Securing your today and tomorrow.